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/biz/ - Business & Finance

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3003085 No.3003085 [Reply] [Original]

Bought IOU at 150 and sold at 300 now its rocketing past 500

>> No.3003096

You earned your Rupees, shill.

>> No.3003115
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3003115

>>3003096
Its 540 now. Jesus I profted but damn I had weak hands

>> No.3003190

>>3003085
>doubled my money waaaa
Never a bad thing to take profits anon. Have you heard of hindsight bias? You didn't KNOW it would continue climbing, no sense in feeling like a mistake was made now especially after gaining 100%.
The biggest mistake you can make in trading is getting greedy although that sounds like shit it's true. The old saying goes, bulls & bears profit but pigs get slaughtered.
Hypothetical scenario: In at 150. Watch it go to 300, decide that's not enough for you. Wait for it to hit 500 or 600. Change in trend - hits 400 and takes a break. Still holding waiting for 500. Now it loses steam and begins descending again. Now maybe it's at 250. You missed some gains because you held out for a price that never happened.
Shorting the high is always an option too if you want to profit on both sides of the movement.

>> No.3003229

lol if you can't be happy at doubling your money, then you are gonna get burned one of these days. big league

>> No.3003783

>>3003085
How do you feel now?
https://www.cryptopia.co.nz/Exchange?market=IOU_BTC#

>> No.3003876

>>3003783

I would be happy honestly.